Amtrak 2014 Annual Report Download - page 16

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2014 2013
Cash flows from operating activities
Net loss (1,082,612)$ (1,275,554)$
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization 759,023 687,061
(Gain) loss on sale of property and equipment (10,913) 81
Gain on exercise of early buyout option – (19,567)
Loss on early extinguishment of debt – 10,476
Other 8,084 10,649
Changes in assets and liabilities:
Accounts receivable (110,637) 6,899
Materials and supplies (13,452) (13,287)
Prepaid expenses 827 (2,511)
Other current assets (29,247) 10,460
Other assets, deposits, and deferred charges 73,017 50,664
Accounts payable, deferred ticket revenue, accrued expenses and
other current liabilities 4,258 76,200
Deferred state capital payments (47,532) (37,451)
Other liabilities and deferred credits (10,534) 131,066
Net cash used in operating activities (459,718) (364,814)
Cash flows from investing activities
Change in restricted cash and cash equivalents 1,664 1,317
Purchases and refurbishments of property and equipment (1,100,167) (1,013,136)
Proceeds from disposals of property and equipment 34,960 1,254
Net cash used in investing activities (1,063,543) (1,010,565)
Cash flows from financing activities
Proceeds from federal paid-in capital 1,511,208 1,489,772
Proceeds from federal and state capital payments 172,129 130,778
Repayments of debt and capital lease obligations (279,570) (283,858)
Proceeds from issuance of debt 261,255 110,147
Net cash provided by financing activities 1,665,022 1,446,839
Net change in cash and cash equivalents 141,761 71,460
Beginning balance of cash and cash equivalents 282,280 210,820
Ending balance of cash and cash equivalents 424,041$ 282,280$
Supplemental disclosure of cash payments
Interest paid, net of amount capitalized 71,709$ 73,214$
Supplemental disclosure of noncash investing and financing activities
Debt and capital lease reduction through use of escrow deposits/notes
receivable – 400
Other non-cash changes in property, includes accruals of amounts due
for purchases 1,261 4,783
See accompanying notes.
Year Ended September 30,
National Railroad Passenger Corporation and Subsidiaries (Amtrak)
Consolidated Statements of Cash Flows
(In Thousands of Dollars)
1509-1694994 8